SunHydrogen has accepted a $45m investment commitment from GHS Investments of Jericho, New York.
The proceeds will be used in part to further the development of SunHydrogen’s nanoparticle-based green hydrogen technology, and enable the company to invest in and co-develop other complementary technologies across the renewable hydrogen value chain.
While SunHydrogen’s most immediate internal goal is to develop a ‘production-quality prototype’, the new capital will help it accelerate renewable hydrogen technology and grow the hydrogen ecosystem. SunHydrogen’s patented Panel technology uses sunlight and any source of water to produce low-cost green hydrogen.
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